AGC Bags Ichthys Scaffolding Contract

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Monday, March 3rd, 2014
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A company owned by Perth based construction and fabrication outfit AusGroup (AGC) has bagged a major scaffolding contract on one of the nation’s biggest offshore LNG developments.

In a statement released earlier this week, AGC said its subsidiary MAS Australasia Pty Ltd had entered into a $174 million scaffolding works contract for the INPEX operated Ichthys LNG Project in Darwin.

The deal will see MAS will be providing scaffolding assets comprising management, design and engineering, scaffolding material supply and installation services to the LNG process and inlet areas at the Ichthys Project Onshore LNG Facilities at Blaydin Point in Darwin, Northern Territory for JKC Australia LNG Pty Ltd (JKC) – the lead onshore contractor who are overseeing the engineering procurement and construction of all onshore LNG facilities for the project.

The win – AGC’s largest contract win since at least 2009 – comes after MAS was last month awarded a $21 million two-year plus one year option scaffolding and maintenance services contract for BHP Billiton’s Worsley Alumina refinery in the South West of Western Australia, and has seen the value of the Group’s forward order book grow to $388 million.

The deal follows JKC’s announcement last week that it had awarded a $740 million contract for the structural, mechanical and piping contract for the Ichthys project to a joint venture between Sydney based resource construction firm UGL and Jersey based engineering contractor Kentz.

AGC Managing Director and CEO Stuart Kenny welcomed the latest contract win, which he says is consistent with the Group’s strategy of expanding its operations (particularly maintenance) within the oil and gas market.

“With decades of experience providing scaffolding and access services, MAS brings a wealth of knowledge and expertise to the project” he said.

By far the Northern Territory’s biggest development currently underway, the Ichthys project will involve gas exploration in the Browse Basin off the North-West coast of Western Australia which will be transferred and processed at a giant onshore cooling facility in Darwin.

Commenced in 2012, first LNG cargo from the development is slated for the fourth quarter of 2016.

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